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KALA - The Market Is Sour On Kala Pharmaceuticals Despite Insider Support
Kala Pharmaceuticals Inc.
Insider support and upcoming catalysts. A pharmaceutical company's bull thesis usually is strengthened by both of these, and Kala Pharmaceuticals, Inc. (KALA) has no shortage of either one. But as the date of the FDA review for Kala's New Drug Application on KPI-121 0.25% neared, the stock headed in the opposite direction. This might have been an indication of the market's doubt over the approval of KPI-121 0.25%, and turns out it was right as Kala received a complete response letter a week before the meeting was set to take place. The initial